It is difficult to back an asset that is in freefall, but there is still strong reasons to buy Bitcoin during the latest crash. There is little doubting why, in the run up to Bitcoin all time high of $20,000, people were entering the cryptocurrency market. There was a promise of massive growth, potentially huge returns on investment, and a story already told of missing out as an early adopter. People thus flooded the market, entering for all the wrong reasons, really. However, this created a massive spike in interest and a massive spike in price. Things have changed somewhat now, with Bitcoin heading towards $6,000 rather than above $20,000, and this has caused a huge sell off as investors now flood out of the market. But what reasons remain today for people to buy Bitcoin? Get in for ...

Agility, a global logistics provider, is teaming up with Maersk and IBM to provide secure and efficient methods at tracking container shipments via the blockchain technology. In January, it was reported that IBM and Maersk were launching an industry-wide trading platform aimed at speeding up trade and saving billions of dollars in the process. Built on the Hyperledger Fabric 1.0 blockchain, Agility is the latest company to take part in the collaboration, according to an announcement from the logistics company. Previous participants that have piloted the platform include DuPont, Dow Chemical, Tetra Pak, Port Houston, Rotterdam Port Community System Portbase, the Customs Administration of the Netherlands, and U.S. Customs and Border Protection. Michael J. White, CEO of IBM-Maersk, and previous chief of Maersk Line’s North American operations, said at the time that: Our ambition is to apply these learnings to establish a fully open ...

The international third-party logistics provider Agility recently shared some thought-provoking statistics: every year the company spends about $1.8 trillion on shipping across borders – and one fifth of this sum is spent on documentation and administrative issues. But in 2018 the results may significantly change as Agility joined the Maersk-IBM collaboration on blockchain-based global trade digitization platform. Maersk has a long story of partnering with IBM. These companies have been working together on a distributed ledger platform for the logistics industry. IBM has also attracted some other important players like the largest shipping firm in Asia Pacific International Lines. The idea behind the project is perfecting the trade system. Blockchain can solve a number of problems logistics companies face: costly mistakes, standstills, redundant documentation. The technology is especially suited to the sphere of cargo flows. No wonder Maersk-IBM collaboration has ...

Despite being associated with cryptocurrencies such as bitcoin and ethereum, ripple’s status as a decentralized currency is a matter of dispute. Critics have taken aim at XRP for years, claiming that Ripple exerts an unprecedented degree of control over transactions, something the company has always denied. A new report from Bitmex Research, whose cryptocurrency analysis carries great weight, suggests that ripple may be even more centralized than previously thought.Also read:The Rise and Fall of Ripple is a Case Study in Mass HysteriaBitmex Goes Forensic On RippleThe Bitmex blog, operated by the exchange famed for its 100x leverage, isn’t like other blogs. Instead of being ephemeral and newsy, it’s characterized by deep and thoughtful research that is unlike anything else within the crypto space. When a new blog post is published, the community takes notice. On Monday, ...

I’ve had enough of being bombarded with FUD, from so-called ‘experts’ who don’t really ‘get’ Bitcoin. If I want predictions about the future of crypto, I’ll ask an expert in the blockchain industry. Fortunately I don’t have to, as CNBC already asked. But First … This! It’s easy to feel down when it’s cold, wet, and grey outside. Oh … and your investment lost over two-thirds of its value in the last six weeks. But we’ve all been through this before. Actually, some of you haven’t, and it’s you that I wanted a word with. If you bought into Bitcoin, hoping to make an easy buck, then you were barking up the wrong tree. That ridiculous bubble just before Christmas; that was your fault! And nobody will feel sorry for you because you lost your nerve and your money. Ahem. ...

When Ripple was founded and created their cryptocurrency, XRP, in 2012 they created one hundred billion of them. The transaction cost of the cryptocurrency is actually the destruction of a small amount of XRP. However, they did not release all of the XRP to the public and held back some 60%. Today’s XRP price puts that 60% at a value of around $47.4B. We know that Ripple co-founder Chris Larsen has 5.19B XRP. That makes him worth about $4.1B at today’s XRP price. When he stepped aside, Brad Garlinghouse became the CEO of Ripple. He’s got a 6.3% stake in the company. Ripple is valued at around $410M which means he gets about $25.8M in personal value. But then there’s a hoard of XRP that he owns and have been confirmed to be nine figures. If it is just ...

LTCUSD Idea & technical analysis Litecoin Moving down Feb 7 CURRENCY TRADERS Litecoin Moving down Insight & analysis Litecoin LTCUSD This morning in early trading, LTC at $ 130.73 against the USD, -3.36% lower at 11:59 PM UTC. In the last 24 period, LTCUSD traded at a high of $ 138.60 and a low of ...

Goldman Sachs Group Inc.’s global head of investment research has made a daunting projection regarding cryptocurrencies: the recent downturn in market value could get worse. In a report from the 5th February, Goldman’s Steve Strongin, expressed the view that many digital currencies are unlikely to survive. As a result, investors should be prepared for the coins to lose all of their value as they get outcompeted, reports Bloomberg. Strongin added that: The high correlation between the different cryptocurrencies worries me. Because of the lack of intrinsic value, the currencies that don’t survive will most likely trade to zero. According to the investment research head, digital currencies are unlikely to last due to several factors: slow transaction times, high maintenance costs, and security issues. He questioned: Are any of today’s cryptocurrencies going to be an Amazon or a Google, or will they ...

World’s first AI-controlled influencer marketing platform exceeds presale expectations twice in 36 minutes due to overwhelming community interest. February, 5 – 2018, Tallinn – AdHive, an AI-powered and community-driven platform for native video advertising on influencers’ channels has announced to successfully conclude presale stage, closing the cap in victorious 36 minutes. 2220 token purchasers were lucky enough to get on board during presale as AdHive released the “first come – first served” mechanics to guarantee transparency and avoid “gas wars”. Dmitry Malyanov, AdHive Co-Founder, commented: The presale $ 5.5M is way above the planned $ 3M for the stage – we stepped up the market with a strong and experienced team, proven core technology, bringing a transparent vision for the further development, yet we did not expect the crypto-community to embrace the idea so favorably. AdHive will stick to the ...

Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission began in earnest at the United States Senate Dirksen office building Tuesday, 6 February. The Committee on Banking, Housing, and Urban Affairs summoned respective Chairs of the US Securities and Exchange Commission (SEC) and US Commodity Futures Trading Commission (CFTC) to testify in open session on cryptocurrencies, less than 24 hours after one of the worst crashes in ecosystem history. Also read:Market Risk Advisory Committee: Bitcoin Futures Self-Certification Works Senate Asks if SEC and CFTC Are Able to Handle Challenge of Bitcoin Gaveling in the hearing at about 5 minutes after 10am EST, committee Chair Senator Mike Crapo noted the giant gains in bitcoin’s valuation in just one year. He also detailed the negative news of late, from hacks to ...

NEO Price Reaches $115 Again Thanks to 55% Increase The past 24 hours have been pretty crazy for all cryptocurrency markets. With everything regaining a lot of lost value, things are looking particularly good. The NEO price comes out on top of the market in terms of 24-hour gains. With a value increase of $55.26%… The post NEO Price Reaches $115 Again Thanks to 55% Increase appeared first on Altcoin Today. ...

Blockchain Innovations Create New Synergies NEW YORK, February 6, 2018 /PRNewswire/ – Blockchain Innovations Blockchain has heralded innovation, stretching across both the financial and technological worlds, which has paved the way for new methods of online transaction. The underlying blockchain technology is one such method that not only protects the anonymity of users during transactions, ...

Regulating cryptocurrency is not a priority for the European Central Bank due to “very low” banking involvement, it says. The European Central Bank (ECB) has moderated its stance on cryptocurrency regulation Wednesday, Feb. 7, describing it as “not exactly very high on its to-do list” in a brief interview with CNBC. The ECB’s Chair of the Supervisory Board Daniele Nouy added that although she had “no clue” whether new regulatory moves on crypto would come from Europe in the future, involvement of ECB-regulated banks in the sphere was “very, very low”. “We scrutinize the issue in a regulatory perspective, we are ready to do something if it was needed, but so far it's not exactly very high on our to-do list,” she told the network. The comment come ahead of an increasingly-anticipated G20 Summit this coming ...

After a few days of the market dipping and then recovering today, several crypto experts gave favorable predictions about Bitcoin and the overall market to CNBC. Following a volatile few days in the crypto markets this week, with Bitcoin (BTC) dipping below $7000 for the first time since November, several crypto experts have predicted an overall bull run. Experts told CNBC today, Feb. 7, that the total market cap of all cryptocurrencies could reach $1 trillion and that BTC itself could hit $50,000 by the end of this year. Jamie Burke, CEO at Outlier Ventures, Europe’s first Blockchain-based incubator, told CNBC that the predicted bull run will be followed by a general settling down of the market: "We believe after February the market will likely go on a bull run comparative if not greater than last year potentially ...

Recently, we’ve observed Bitcoin’s price decline after a mass sell-off owing to the ban on purchasing cryptocurrency with credit cards introduced by the banks across the world as well as to the block of access to foreign crypto exchanges for Chinese investors. Nevertheless, an independent research analyst and the founder of Standpoint Research Ronnie Moas believes that Bitcoin price may reach $100,000 if it holds the same market share of 36 percent. According to the data from CoinMarketCap, at the press-time Bitcoin is worth $8 147,12. But its price fell $6,000 after the news that China would block access to cryptocurrency trading platforms. China is known for its long practice of blocking unwanted websites and in 2018 this tendency has all chances to be extended to blockchain technologies. Despite Bitcoin’s downward trend, according to Mr. Moas, it still could become a profitable form of ...

sponsored The Blockchain-based online platform will function as a facilitator between different innovative 3D manufacturing projects to reduce production cost. It might have started simple, printing small objects, but in the last couple of years, 3D printing technology has really outgrown itself. Now, it is both possible to 3D print tiny structures using living cells or print a whole house in 24 hours. The idea behind 3D manufacturing isn’t new, but 3D-TOKEN, a project of the Italian Politronica Srl startup wants to integrate it with Blockchain technology to create a ‘one of a kind’ glocal decentralized Just-In-Time Factory 4.0 matching the digital revolution of the 21st century. With steady growth, more than 278,000 desktops (under $5,000) 3D printers were available worldwide in 2015, according to the Wohlers Report 2016. The upcoming years will make these printers more and more affordable ...

The Crown Prince of Liechtenstein, a tiny country in central Europe, has expressed interest in investing in alternate asset classes, specifically Bitcoin.Crown Prince Eyes King of Crypto Nestled between Switzerland and Austria, Liechtenstein is a German-speaking micro-state headed by the Price of Liechtenstein, but most of the actual power is held by his son Crown Prince Alois. During the aftermath of the World War II, the once great family was forced to sell their stunning art collection to stay afloat. Now, with their finances in check and the collection well into the process of being rebuilt, the family is looking to venture into new investments, something even as volatile as Bitcoin. He’s hoping that investing in this new digital economy will one day restore his family’s wealth. Crown Prince Alois told CNBC: Particularly with this whole new digital ...

Online retail is massive in China and it’s only getting bigger. In fact, the Chinese e-commerce market totaled $672 billion in 2017 — the largest contributor to the $4 trillion global e-commerce market — and cross-border e-commerce transactions into the country are projected to reach $1.32 trillion in 2018. In order to support the influx of global payments sent to the Chinese e-commerce market and provide a superior customer experience, LianLian International — a leading Chinese money service company licensed in Hong Kong with 150 million registered users in the region — has joined RippleNet to receive real-time, cross-border remittances, invoice payments and e-commerce payments. LianLian will use xCurrent — Ripple’s settlement solution that offers end-to-end tracking — to power cross-border transactions between China, the U.S., and Europe. LianLian joins Ripple’s existing network of more than 100 financial institutions ...

Blockchain technology has proven to be quite appealing to companies all over the world. Some developers are even looking toward the future of this concept. Sidechains can alleviate a lot of stress from the main blockchain by focusing on specific types of information. The main business model of a blockchain won’t work well when it comes to scaling. With a sidechain, scaling concerns are less of an issue, assuming they are implemented correctly. The concept of sidechains is nothing new in the world of blockchain technology. A few projects already focus on leveraging this new technology. However, there is a big difference between testing the technology and implementing it in the real world. Sidechains may effectively become a necessity if blockchain is ever to go mainstream. With a strong focus on interoperability and scalability, this implementation of blockchain technology ...

After teasing in a tweet that they are working on an update for their code because “Bitcoin isn’t the only #CryptoCurrency in town anymore,” developers of the BitMate Author Donations plugin have finally logged an update to their code. The change log for the plugin details added support for leading cryptocurrencies like Bitcoin Cash, Ethereum, Litecoin, Monero, and ZCash. Ripple (XRP) still isn’t accepted because mainstream analysts in the crypto space don’t believe it falls under the “crypto” category of digital currencies. BitMate is a way for authors and content producers on the WordPress ecosystem to receive tips and donations for their work. While tipping and donations via cryptocurrencies have long been a staple of online culture, plugins like BitMate help provide a cleaner interface to do so. With the plugin, authors and content producers can direct their readers and ...

Following reassuring words from US securities regulators yesterday, Bitcoin has extended its rebound back above $8500 (from below $6000), shrugging off Goldman Sachs' latest report questioning cryptocurrencies' long-term existence. Bitcoin is up over $2500 from its anxious lows ahead of yesterday's US regulatory hearing... As Mike Krieger noted last night, the Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, said at today’s hearing with the Congressional Committee on Banking, Housing, and Urban Affairs. In case you missed it, here’s his opening statement: With your permission, I’d like to begin briefly with a slightly different perspective, and that is, as a dad. I’m the father of three college age children, a senior, a junior and a freshman. During their high school years, we tried to interest them in financial markets. My wife and I set up ...

Nobody wants to be revealed having such passion and more importantly nobody wants to share personal information and credit card credentials on such platforms. Finally there is a project, which solves such issue by implementing Blockchain technology for the adult video industry. Most of the webcam services collect such information about its’ users as credit card details, time and history of activities and preferences. Blockchain powered solution allows to do it anonymously. This service runs through the use of LIVE tokens, which are tokens which are in turn bought with other cryptocurrencies. This leads to more anonymity, but also, the fact that none of the data is stored on the servers thanks to the peer-to-peer streaming connection technology. The project doesn’t only care about the users’ security but about models’ perks as well. Regularly most of the money received by webcam ...

Discover all the latest news about the Blockchain, Bitcoin and Cryptocurrency world on Blockchain24News.com. We have selected the best sources of the industry for you to review them quickly thanks a simple design optimized for quick reading. Click on a news to be redirected on the original site to read the full article!